Axalta Coating Systems Ltd. $AXTA Shares Purchased by Perpetual Ltd

Key Points

• Perpetual Ltd increased its holdings in Axalta Coating Systems by 5.4%, owning over 708,000 shares valued at around $21 million as of its latest SEC filing.
• Axalta Coating Systems reported a net margin of 8.58% for the most recent quarter, with earnings per share of $0.64, exceeding expectations.
• The stock has undergone various analyst rating changes, with a consensus rating of "Moderate Buy" and an average price target of $37.71.

Perpetual Ltd grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 708,432 shares of the specialty chemicals company's stock after buying an additional 36,243 shares during the quarter. Perpetual Ltd owned 0.32% of Axalta Coating Systems worth $21,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Axalta Coating Systems by 3.2% in the 1st quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company's stock worth $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Axalta Coating Systems by 29.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company's stock valued at $240,494,000 after purchasing an additional 1,663,261 shares during the period. Wellington Management Group LLP raised its holdings in Axalta Coating Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company's stock valued at $223,248,000 after acquiring an additional 132,234 shares during the period. Dimensional Fund Advisors LP raised its holdings in Axalta Coating Systems by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock valued at $137,344,000 after acquiring an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC raised its holdings in Axalta Coating Systems by 15.4% during the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock valued at $129,810,000 after acquiring an additional 520,844 shares during the period. Institutional investors own 98.28% of the company's stock.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total transaction of $99,205.64. Following the sale, the senior vice president directly owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. BMO Capital Markets downgraded Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Citigroup reaffirmed a "neutral" rating and set a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Mizuho decreased their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Trading Down 1.7%

Shares of NYSE:AXTA traded down $0.50 during trading on Tuesday, reaching $29.49. 702,484 shares of the company were exchanged, compared to its average volume of 2,426,102. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. The firm has a market capitalization of $6.39 billion, a PE ratio of 14.45, a P/E/G ratio of 1.76 and a beta of 1.28. The business's fifty day simple moving average is $30.22 and its 200-day simple moving average is $31.08.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.